Malloy caves. No layoffs, no wage cuts (no raises for 2 years, then 9% increase) and a claimed saving of $1.6 billion instead of $2. I suppose the missing $400 million will be made up from additional taxes on the rich (did you see that he’s taxing Greenwich Hospital so that it will go from an operation that had a $1 million surplus last year to one which will be $4 – $5 million in the red next?).
And do you really believe that we’ll ever see any large percentage of that supposed $1.6 billion? I don’t either. For that matter, neither does the state employees union, which professes itself to be delighted with the results of its showdown with Mean Dannel Malloy.